Tariffs - As It Goes

Tariffs continue to dominate the news with Trump shifting to a 90 day Pause, except for China.

Most countries are seeking to negotiate – a positive sign.  Only China chose to retaliate which was to be expected.

The stock markets are disrupted because their programs are not designed to handle the sea-change that Trump policy plans for putting Fairness back in International Trade.

The Times, they are a changing.

Here is more background data to understand where we come from on Tariffs.

This chart shows Tariffs on Import/Export of Autos with the U.S. before Trump came into office.

The U.S. charged 2.5% on Imports across the board, except for Mexico, Canada, and South Korea.

China charges Six times as much as the U.S.

The EU charges Four times as much as the U.S.

India charges Fifty times as much as the U.S.

Other countries are also ridiculous, charging Twelve to Thirty times as much as the U.S.

Summary

Poor Leadership and a misguided concept of Globalism put the U.S. in this situation.

Globalism was a nice name that condoned the off-shoring of U.S. jobs for the benefit of big corporations to obtain low cost labor.  That stems from money and influence in Politics.

Good for corporate profits.  Bad for the average American Worker.

David Hollaender                                                                        April 17. 2025

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